day tradingsoftwareday traderstock day trading
Does anyone know if there is a legal way to get 100k to fund a Stock trading business? i guess a bank wouldn't do that.
I could try to open a fund. Any better ideas where to get it funded from?
Thanks
Mike
Day trading


First, you'll have to prove that you're good. You don't need money for that, you can prove it with paper trading, for example at:

http://www.marketocracy.com

Once you've done that, have your performance audited by an independent third party. It could look like this:

http://www.inside-alpha.com/support-files/ifsa_perf_summary_2003-2005.pdf

With this in hand, you can start looking for investors. There's so much money around that it shouldn't be too much of a problem if you're good.

Let's make money!

Good luck

Marc

Ok i do stock/futures trading on line . normally i select the scrips as suggested in media say news papers , TV and like that.when there are thousands of scrips only a few are suggested for trading/day trading.it will be help full to me if i know on what basis suitable scrips are selected for trading particularly day trading so that i myself can select the scrips for trading. more over i can make sure that what is suggested by news papers and TV are worth for trading
Day trading


Hi,

You can visit http://stocksguide.checkouttoday.info for some useful tips and info related to your query. Good luck!

Hi i really had to do this, because this is only option for my next steps of growth, well i am new and doing paper stock day trading for sometime, earned some lost some, my statergy is to buy when stock raising and sell immediately when it starts falling, i like to any recommendations or suggestions how best i can be in this, all are welcome
Day trading


Good luck, I lost a lot doing it your way. Keep one thing in mind…if your stock is rising and you are thinking about holding it for a bit more, set a limit! And I am not saying this as a mental limit. If you buy at $20, and your stock is rising, you might set a sell limit of $20.50 if it drops. Protect your investment. I could tell you a horror story of where I bought into a stock on the rise, and was up by over $4 a share for 200 shares…I stopped and took out the trash, and upon my return, it was $2 a share less than when I first bought it. Long story, but the bottom line – no limit set. This situation occurred in a 20 minute period, it doesn't happen too often, but for me… Never again.
Day trading


Not well, at least for novices. Studies show over 70% of day traders lose money or at least underperform the market.

See for example this paper

http://citeseer.ist.psu.edu/275082.html

that shows day traders ("active traders") underperforming the market by -35%.

Or this one based on 135,000 daytraders in Taiwan that shows 80% of them losing:

http://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trade%20040330.pdf

Here's a pretty good summary:

http://www.investorhome.com/daytrade/profits.htm

1: the lowest price for the last 52 weeks
2: the highest price for the previous day
3: the close price of the previous day
4: the number of shares of stock traded that previous day
5: the net change of stock price from the previous day
which one is it
Day trading


All of the above CAN be found in a paper stock quote, see example listed in link below. Of course, with the abbreviated quotes these days, little information is usually given.

It's unfortunate, but the newspaper stock tables are going away and moving to the Internet.

1: the lowest price for the last 52 weeks
2: the highest price for the previous day
3: the close price of the previous day
4: the number of shares of stock traded that previous day
5: the net change of stock price from the previous day
which one is it
Day trading


It really depends on the paper that you are reading. Most of the time the answer will be number 2. You won't find the highest price for the previous day. In some papers, you can find all of the information listed. I think number two is your answer.
AAA's pushed out to over 400 the other day and the lack of any paper trading in the CMBS world has stifled the ability to reliably finance commercial real estate. Any take on when it will stabilize? Its killin me man!
Day trading


What does CMBS have to do with Halry's?

PS – You look ridiculous in your photo! What is with the goatee? That is so 2006!!!

Day trading


Your chances are good if you;
Take 6 months to a year reading, learning and paper trading.
You fully understand the fundemental and technical aspects &(just as important) use very exact money management techniques.

Ignoring the above will put you with the 95% of people that blow their FX accounts (usually very very very quickly).

Consider yourself warned!

This is a great market for those that take the time and make the effort. All others lose big.

I don't hear any feedback from people who made a true commitment with Investools. and how sucessfuly it worked. I only hear negative, but how about possitive or realistic. I am very interested to know from some who is a sucessful stock trader: How sucessful were you with investools, what has worked, will it be a good program for day traders, is it worth the money, what else is there that is better? Any other advice? Thanks!
Day trading


There is no magic tool, you will have to find the answers yourself or you will never be a professional trader. Experience matters. You need to figure out the basics for yourself– don't fight strong trends, protect your capital, ride your winners, learn to spot trends, set stops, set specific goals for each trade, learn how to use leverage, learn to make money in every market, take breaks. You will fail. You will lose money. Some learn from this, some keep doing the same stupid things, some give up. If you want to be rich, you get up, ignore the pain, figure out where you made mistakes, and don't make them again. Moreover, after many years you may create the perfect trading strategy that on paper will make you rich every time, but executing it in real life is a different story. Psychology, emotions, it is your worst enemy. I was up 1200% in four months earlier this year, then my Dad got really sick and my dog died. I thought I could keep trading, but I was not nearly up to it, and wound up losing all of my profits from those four months in three weeks. It was actually a cheap lesson that I should have learned before. I won't make that mistake again. Don't look for tips or advise from others, because you can't be fixed, you have to be flexible and adapt to the market. No matter what happens you should be confident that you can start with a stake and turn it into real money in a couple of weeks; you need that kind of confidence and determination… that is more important than any software.
I have been trading on simulation trade websites for about 20 days and I could make about %7.5 benefit just by doing a day trade (following the trends and buying/selling fast).
Is that enough to open an account and start the real work?
My original work is with computers so I always have access to internet during the work… I was thinking if I open an account and start with maybe $5k day trading.
1-Do I have to pay some monthly fees for the account that I open or I wont have any expenses if I dont trade?

Any more info would be appreciated :)
I have been trading IT stocks mostly (AAPL, msft, goog,…)

Day trading


Based on these answers to your question, you can see how helpful investing forums can be. Others are not much better, but there are a handful of people here that are really helpful.

There's not really a big problem in beginning to daytrade, but you need to be cautious. I'd advise you read this http://www.nyse.com/pdfs/im01-9Microsoft%20Word%20-%20Document%20in%2001-9.pdf

Then, you may want to continue paper trading, but you can trade for real if you set up strict losses. When I kick up my live account, I will close all my positions immediately if I lose 20%. Then, I will go back through my journals, the charts, and more paper trading until I get it right.

You can get all expenses lists from the individual sites under their fees + comissions and/or pricing tabs. If you are unclear of what they all are, just email the brokerage (I did this with several of tradeking's fees). You will need to get used to emailing and contacting people and services you will use or look into. Half of the battle of trading is finding everything you need — brokerage, information resources, software, data feeds, etc.

I've probably spent about half my time doing those kinds of things.